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The numbers are in, and the cloud infrastructure market grew at a brisk pace this quarter driven by increasing interest in generative AI.

With Twilio under pressure from activist investors, it's looking at whether to sell Segment, the company it bought in 2020 for $3.2 billion.

Twilio’s foray into the customer data (CDP) business could be heading for an early conclusion. The former startup offers communications software services via APIs, and in recent years expanded its product footprint through the acquisition of companies like Segment, which added CDP capabilities to its larger portfolio. Now, in the wake of the company’s growth slowing to a near halt in late 2023 and the exit of its founding CEO Jeff Lawson, Twilio is executing “an extensive operational review” of the asset, according to its recent earnings call.

After a few quarters in the doldrums, the cloud computing market came back in a big way this quarter with record quarter-over-quarter growth.

For the last several quarters we've seen a lull in the expansion of the cloud infrastructure market, with lower growth numbers than we've been accustomed to seeing in the past. The new revenue wave began just last year, driven by the ChatGPT hype cycle, but has already pushed cloud infra revenue in the fourth quarter of 2023 to $74 billion, up $12 billion over last year at this time and $5.6 billion over Q3, the largest quarter-over-quarter increase the cloud market has experienced, per Synergy Research. The cloud infrastructure market for the entire year grew to an eye popping $27...